Marginal Gains

Monetary Transactions in Atlantic Africa

By: Jane I. Guyer

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Hardcover | 1 March 2004 | Edition Number 1

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Hardcover
232 Pages

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2.36 x 1.6 x 0.19

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In America, almost all the money in circulation passes through financial institutions every day. But in Nigeria's "cash and carry" system, 90 percent of the currency never comes back to a bank after it's issued. What happens when two such radically different economies meet and mingle, as they have for centuries in Atlantic Africa?
The answer is a rich diversity of economic practices responsive to both local and global circumstances. In "Marginal Gains, Jane I. Guyer explores and explains these often bewildering practices, including trade with coastal capitalism and across indigenous currency zones, and within the modern popular economy. Drawing on a wide range of evidence, Guyer demonstrates that the region shares a coherent, if loosely knit, commercial culture. She shows how that culture actually works in daily practice, addressing both its differing scales of value and the many settings in which it operates, from crisis conditions to ordinary household budgets. The result is a landmark study that reveals not just how popular economic systems work in Africa, but possibly elsewhere in the Third World.

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Foreword
Preface
Introductory
Introduction: Diversity, Bewilderment, and the Multiplicity of African Money
Conversations: Asymmetrical Transactions
Scales And Tropes
Calculation: Number and Asymmetry
Rank: People and Money
Quality: Commodities and Price
Performances And Repertoires
Volatility: A Performance in Modern Nigeria
Institutions: Repertoires of Financial Option
Balances: Household Budgets in a Ghanaian Study PART VI CONCLUSIONS AND DIRECTIONS
Formalities: Fixing Debt and Delay
Bewilderment Revised
Appendix
References
Index
Table of Contents provided by Publisher. All Rights Reserved.

Marginal Gains

Monetary Transactions in Atlantic Africa

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

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